507 Seagull Drive
About This Property
Nicely updated Seagull drive home. The kitchen invites you in with its very subtle but attractive contrast between the cabinets, wall color and the counter tops. Then a spacious living area affording a dining room and a comfortable enclosed front porch for your morning coffee . Down the hall way on the right is the main full bathroom with just the right touches, the guest bedroom is at the end on right, then the master bedroom with private bathroom, again nicely done.
Washer and dryer are located in the roomy shed that is connected to side porch.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017